If you're looking for an old favorite or a lost “gem,” many long out-of-print titles by popular authors are finally available again. Every week, we feature a handful of titles from the hundreds on our site. Be sure to check out the latest featured titles!
Macmillan Issues New Contract Boilerplate for All Divisions, E-Royalty Lower than RH, S&S, Other Majors
Agents are poring over a new contract boilerplate issued by Macmillan, parent company of St. Martin's, Farrar Straus and Giroux, Henry Holt, Picador, and Tor among others. The contract files were emailed to agents on Monday (October 26th) with a covering note from Macmillan CEO John Sargent (link at bottom of this post).
Sargent highlights key elements in the homogenization of the contract forms, namely: 1) a new across-the-board (all Macmillan divisions) e-book royalty; 2) a new across-the-board direct-to-consumer royalty; and 3) enhanced promotional and Internet marketing initiatives.
The e-book royalty will come as the biggest surprise to e-book royalty watchers, as it goes contrary to the trend (which some think is a polite word for something darker) among major publishers to pay 25% of net e-book receipts to authors. Unfortunately, Macmillan offers even less than that - 20%.
It will be interesting to see if Macmillan will hold the line at an e-book royalty below that of its playmates such as Random House and Simon & Schuster, who in the last year have reduced their e-book royalties to 25% of net receipts. It will be even more interesting to see if the agents fall into the trap of accepting 25% as the "standard" e-book royalty. Who says that's all it should be? (Full disclosure, E-Reads pays 50% of net receipts to its authors, and always has.)
As for direct-to-consumer sales, the new royalty is 10% of net receipts on the first 10,000 copies and 15% thereafter. The standard for as long as anyone can remember has been 5%. That low number was created in an era of mail order of hard copies, a cost-intensive process that was often generated by full color magazine ads, coupons, and other expensive forms of solicitation. This process will now yield to cheaper Web solicitations and streamlined delivery systems.
Buried deep in this change of royalty is the intriguing prospect that Macmillan might be moving toward a more aggressive approach to selling its books direct to consumers, a strategy from which many publishers have shrunk out of fear of upsetting Barnes & Noble and Amazon by competing with them. There is good reason to shrink, as Penguin discovered in April 2008 when Amazon threw an elbow at them over this very issue.
Nevertheless, if Macmillan is any bellwether, publishers may be gearing up for a push on direct-to-consumer sales. The prize? Nothing short of survival. See Direct Sales: Publishing's Last Stand.
Do you know how to pronounce Scribd? Does it rhyme with "scribed"? Or "fibbed"? I've even heard it called "Scrib-dee".
How about Que, Plastic Logic's forthcoming e-book reader? Is it pronounced "Kay"? or "Cue"?
Next is the Flepia, Fujitsu's e-book reader. Is it Fleh-pia or Flee-pia?
Or the UK e-book reader called the Cool-er. As we recently wondered (see Another E-Book Reader with a Dumb Name), is that pronounced "color" (the device screen is black and white by the way)? Or do you pronounce it like the refrigerated water dispenser commonly found in business offices, suggesting it's cooler than the Kindle? Or maybe you come to a full glottal stop, thus: Cool. Er.
If I were a technology company investing millions of dollars to develop a device or service or product, it would make sense for me to ask a focus group to review it. And to make sure that focus group is stocked with people with dirty minds. Like Charles Curtis's. Charles Curtis believes there is money to be made helping corporations avoid selecting embarrassing names for their products. He would call his service "Double Entendre Consulting". "The concept," he explains, "is this: say you're a startup with a company name, logo, slogan but you're nervous that there's something hidden in it that will make you a laughingstock. So you pay my company a fee and I, along with my fellow gross-minded colleagues, will review your selections and tell you if they're clean or if they will become fodder for viral hilarity on the Internet."
For example? "If Kids Exchange had hired us, we would have informed them that their URL, kidsexchange.net, spelled out something very different from what they intended. Same goes for an outfit called Who Represents? Their URL is Whorepresents.com.
"This idea came up in college when I used to frequent a fast food joint that prided itself on making great salads. Unfortunately, their slogan was, 'The Original Salad Tossers'. If you don't understand why that's so hilarious, click here. When I went back there years later, the slogan on their napkins had changed, so perhaps someone had informed them that sickos such as myself were rolling on the floor every time we mentioned their slogan. And teabagging? The Republicans, should have consulted me before they began advocating that practice. Click here to learn why."
Full disclosure Number 1: I sired this person. Full disclosure #2: if he does go into the double entendre business I intend to become a serious investor, because I think there's a fortune to be made in exposing dumb names. Which leads us to The Nook.
Charles does not mention what he would have said to Barnes & Noble had they consulted with him about The Nook, BN.Com's newly minted and named e-book reader. But he might consider employing a blogger named Charissa, who wrote the following Open Letter to Barnes & Noble:
Dear Barnes & Noble,
What were you thinking?
Who on earth thought it would be a good idea to name you new E-Reader device the nook? I mean, really? Do you know anything about pop culture and slang from the last few decades? I would love to know what kind of focus groups you used to demo the name and marketing, or did you use focus groups at all? Because I don’t know who wouldn’t have told you this is a bad idea.
And did you even give a thought to what your booksellers are going to have to endure, answering questions about the nook(ie)? Not to mention all the jokes they’re going to be subject to. Trust me, there is an endless supply of nook jokes out there, from the innocent “nook, nook” jokes to more suggestive humor.
Not to mention the fact that within less than 24 hours of the nook’s announcement, some anonymous B&N employees have already begun re-writing Limp Bizkit’s “Nookie” in honor of the nook. Do you realize how obnoxious it is to have the words, “And you can take you Kindle and stick it up your…” stuck in your head all day long?
And it’s really bad that the device itself doesn’t even come out until the end of November and I’m already having trouble using the name in a sentence with a straight face. We still have more than a month of nook jokes to go.
I realize it’s too late to change the name now, but I really hope next time you’re a little more careful when selecting the name of something as monumental to the company as this device apparently is.
Sincerely, A Concerned Citizen
PS – If you were to, say, give out free nooks to all your employees in an effort to encourage them to familiarize themselves with the device for customer questions, then I would be more than willing to forgive you for this minor naming indiscretion.
We wish the best of success to the makers of the Flepia, Que, Cool-er and Nook. They should be aware, though, that had they hired Double Entendre Consulting they might have avoided becoming, in the words of W. S. Gilbert, "a source of innocent merriment."
Richard Curtis, President of E-Reads (which is pronounced "Ee-Reeds", not "Eh-Reds")
The New York Observer has picked up on a story broken by E-Reads a month ago speculating on why the New York Public Library was not carrying Rogue's Gallery, a recently published book by Michael Gross. Rogue's Gallery is a provocative look at the Metropolitan Museum and contains some observations critical of a leading socialite supporter, Annette de la Renta, who happens to be on the Board of Trustees of the New York Public Library.
"When literary agent Richard Curtis and his wife, Leslie, heard about journalist Michael Gross’ unauthorized Metropolitan Museum exposé Rogues’ Gallery, they wanted to check it out. Literally! So they searched the online catalog of the New York Public Library. But the book wasn’t listed. Then they called the library and got 'kind of a vague answer,' Mr. Curtis said.
"Then he remembered Rogues’ Gallery had stirred up some controversy regarding Annette de la Renta, who is a trustee of both the Met and the NYPL."
Here's an excerpt from our story.
Gross's book has been widely ignored in the media, and Kornbluth suggests that a sort of Gentleman's Agreement among heavy-hitter members of de la Renta's august social circle is the reason why. "I am not a conspiracy theorist," writes Kornbluth, "but the media coverage -- or lack thereof -- of this dustup and of 'Rogues' Gallery' could certainly make me think of becoming one." You can read all about it in Kornbluth's blog as well as Gross's own account of the sordid maneuvers to chill his book.
I'm not a conspiracy theorist either, but what started as a routine inquiry about the availability of the book in the New York Public Library system has definitely pushed me several notches closer to paranoia. It seems that the book is simply not there. You can see for yourself by calling your local librarian or visiting the Library's website and entering the title and author into the Search box.
So what’s the problem? It seems difficult to determine. Some tell Michael he’s being “paranoid.” I’d tell Michael he’s onto something although where it might take him may not be worth the trip.
It is true that there are people in this town who have what is generally recognized as power. Can they kill people? I don’t know about that. Maybe with kindess or a harsh Fifth Avenue froideur.
Annette de la Renta is the name that comes up first and foremost in the Michael Gross/Met biography business.
As of this writing, as confirmed by the Observer's Pillifant, there are still no copies available in Manhattan libraries. But I managed to secure a copy anyway, using an ancient but tried and true technique: I bought a copy at a bookstore. Pillifant expresses my dismay at having to resort to a commercial transaction: "As for Mr. Curtis? 'I paid retail for it, which, for a professional literary agent, is scandalous.'”
My advice? Support the book, the author, and bookstores: do the same. But let your local library know you expect it to carry Rogue's Gallery.
I read today that you are seeking a publication deal for your memoirs. E-Reads, a ten-year-old publishing company of which I am president and CEO, invites you to consider bringing your book out under our imprint. We offer a number of advantages over conventional publishers, particularly instant release of your book in both e-book and print on demand format.
We are prepared to offer a substantial advance and an unprecedented royalty percentage for the privilege of publishing your story. If you require the services of a professional co-author we have access to many superb professional writers with ghost-writing or co-writing credentials.
Naturally, before we sign a binding commitment it would be mutually beneficial for us to spell out the content and "voice" of your book. A paramount consideration is the degree to which you can be candid about your personal life and political career. Though I realize you're a newcomer to the publishing process, I'm sure that as a businessman you will appreciate that the more frank you can be, the higher the commercial value of your book. A memoir perceived as self-serving (such as public statements you have made since leaving office, if I may be so frank) will simply not enable us to recoup our investment. I'm afraid we can't count on foreign rights revenue as responses to feelers made by our agents abroad have not been encouraging. It seems that the willingness of the Coalition of the Willing does not extend to acquiring rights to your story.
If however you are prepared to produce a forthright account of your term in office, we are prepared to demonstrate our earnestness with a compensation package far beyond the $2 million you are reported to be seeking.
As for the contents, I've made some notes about topics that we would like to see covered in your book. Here's a partial bulleted list:
How you assisted President Bush deceive Congress and the American people into buying into a connection between Al Qaeda and the Iraq government under Saddam Hussein
How you misrepresented available intelligence
How you outed covert intelligence officer Valerie Plame and got your Chief of Staff Scooter Libby to take the fall
How you steered no-bid government contracts to Halliburton, a company in which you have a multimillion dollar interest that has appreciated by thousands of percent since the war began
How you undermined the Constitution
How you suspended the right of Habeas Corpus
How you subverted the rule of law
How you instituted secret wiretapping and email monitoring of American citizens
How you scammed America's allies with Saddam's "weapons of mass destruction"
How you created a secret cabal of oil and other energy lobbyists
How you sent thousands of young men and women to death and maiming in the prosecution of a "phony" war whose real goal was to exploit Middle East oil
How you leveraged your office to create a policy of torture and brutality
As I stated at the outset, if this book is to succeed commercially it must be completely candid. If you are uncertain about the meaning of that term, let me recommend a book that might serve as your model. I'm thinking of The Surrender: An Erotic Memoir by former dancer Toni Bentley whose candor about her sex life was painfully frank. In particular she rhapsodized about anal intercourse. We don't feel that discussions about your sex life are necessary to make this book a success (though, needless to say, if there were any revelations of that nature that you were willing to share with your readers "it wouldn't hoit!" as they say). Nevertheless, you might find anal intercourse to be an effective metaphor for your conduct as Vice-President. I don't want to put words in your mouth but if you were willing to talk about giving it to the American people "in the ass" we would probably raise our first printing another 100,000 copies in the blink of an eye.
In the hope that we've persuaded you to cast your lot with us, we'd like to discuss titles, and I think we've got one you're going to love. Ready?
GO FUCK YOURSELF My Life in High Crimes and Misdemeanors by Dick Cheney
We've already picked out some great cover photos for you to review and we've even taken the liberty of producing a sensational Web promo built around your priceless "Go Fuck Yourself" pronunciamento. We're dummying up a book jacket with some great graphics spun off that theme and I guarantee it's a knockout.
Please get back to me with your response to our proposal, and, if you agree to our approach and are confident you can deliver a truthful account, have your authorized representative contact me to hammer out details. I look forward to hearing from you and, I hope, working with you.
Agents are poring over a new contract boilerplate issued by Macmillan, parent company of St. Martin's, Farrar Straus and Giroux, Henry Holt, Picador, and Tor among others. The contract files were emailed to agents on Monday (October 26th) with a covering note from Macmillan CEO John Sargent (link at bottom of this post).
